Genting Malaysia reports strong Q2 revenue growth
The company reported a 32 per cent year-on-year increase in second-quarter revenue.
Malaysia.- Genting Malaysia has reported a net profit of MYR27m (US$6.7m) for the second quarter of 2026, an improvement over a net loss of MYR25.2m (US$6.4m) in the first quarter of 2026. Group-wide revenue increased 32 per cent to MYR3.85bn (US$952m). However, adjusted EBITDA fell 18 per cent to MYR844m (US$209m), mainly due to costs related to the RWNYC launch and a foreign exchange loss.
The result came as the company expanded its casino operations in the United States. Revenue from its US and Bahamas segment rose 166 per cent year-on-year to MYR1.53bn (US$378m), following the launch of full commercial casino operations at Resorts World New York City (RWNYC) in April.
Genting Malaysia said the US market is expected to remain resilient, supported by consumer spending and a steady labour market. In Malaysia, revenue at Resorts World Genting was broadly stable at MYR1.77bn (US$438m), down 1 per cent year-on-year. The company said softer visitation and consumer spending, along with higher payroll costs, affected performance.
Genting Malaysia said it remains cautious about its Malaysian outlook as higher airfares and travel costs continue to put pressure on regional and domestic tourism.
